KATRIEN ROTSAERT
ActiveSummary
KATRIEN ROTSAERT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,807 and a net result of -€3,224. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 10645 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-67
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 6.2 against 4.61 in 2024; short-term debt: 16.1% and cash: 65.6% of total assets), and 18.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.8%
Return on assets
-8.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
50 d late
2022
33 d early
2021
37 d late
2020
41 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€31,807▼ 9.2%
2024 · €35,031
Total assets
€38,896▼ 14.1%
2024 · €45,263
Net result
-€3,224
2024 · €2,092
Working capital
€32,619▼ 2.5%
2024 · €33,470
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,248▼ 33.8%-€4,244€5,171€5,099▼ 1.4%-€2,737
Net result€6,724within the sector's middle half▼ 55.5%-€4,854below the sector's middle half€3,679within the sector's middle half€2,092within the sector's middle half▼ 43.1%-€3,224below the sector's middle half
Equity€34,113within the sector's middle half▲ 24.5%€29,259within the sector's middle half▼ 14.2%€32,938within the sector's middle half▲ 12.6%€35,031within the sector's middle half▲ 6.4%€31,807below the sector's middle half▼ 9.2%
Total assets€58,059below the sector's middle half▼ 10.7%€53,263below the sector's middle half▼ 8.3%€47,359below the sector's middle half▼ 11.1%€45,263below the sector's middle half▼ 4.4%€38,896below the sector's middle half▼ 14.1%
Debt€23,946▼ 36.4%€24,004▲ 0.2%€14,421▼ 39.9%€10,233▼ 29.0%€7,089▼ 30.7%
Working capital€28,614within the sector's middle half▲ 34.7%€24,192within the sector's middle half▼ 15.5%€29,014within the sector's middle half▲ 19.9%€33,470within the sector's middle half▲ 15.4%€32,619within the sector's middle half▼ 2.5%
Solvency58.8%within the sector's middle half▲ 16.6pp54.9%within the sector's middle half▼ 3.8pp69.6%above the sector's middle half▲ 14.6pp77.4%above the sector's middle half▲ 7.8pp81.8%above the sector's middle half▲ 4.4pp
Current ratio3.30above the sector's middle half▲ 1.332.43within the sector's middle half▼ 0.873.64above the sector's middle half▲ 1.214.61above the sector's middle half▲ 0.976.20above the sector's middle half▲ 1.59
Return on assets (ROA)11.6%within the sector's middle half▼ 11.7pp-9.1%below the sector's middle half▼ 20.7pp7.8%within the sector's middle half▲ 16.9pp4.6%within the sector's middle half▼ 3.1pp-8.3%below the sector's middle half▼ 12.9pp
Staff (FTE)0.50.20.4▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,737 after €5,099 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €38,896
Equity
€31,807 ▼ 9.2%
Debt
€7,089 ▼ 30.7%
Debt's share of the balance-sheet total falls from 22.6% to 18.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€222▼
2024 · €9,931
Cash flow
-€709▼
2024 · €6,924
Debt to equity
0.22▼
2024 · 0.29
ROE
-10.1%▼
2024 · 6.0%
Interest coverage
-0.55▼
2024 · 6.14
Debt ≤ 1 year
€6,276▼
2024 · €9,278
Income taxes
€86▼
2024 · €1,389
Staff costs
€15,959▲
2024 · €15,220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.9%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €11,477 | €13,698 | €13,966 | €15,220 | €15,959 | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,832 | €4,832 | €4,832 | €4,832 | €2,515 | ▼ 47.9% |
| Other operating charges640/8 | €713 | €790 | €964 | €703 | €690 | ▼ 1.8% |
| Gross operating margin9900 | €28,270 | €15,076 | €24,933 | €25,853 | €16,428 | ▼ 36.5% |
| Operating profit (loss)9901 | €11,248 | -€4,244 | €5,171 | €5,099 | -€2,737 | ▼ 154% |
| Financial income75/76B | €0 | €4 | €6 | €1 | €0 | ▼ 63.6% |
| Recurring financial income75 | €0 | €4 | €6 | €1 | €0 | ▼ 63.6% |
| Financial charges65/66B | €917 | €613 | €585 | €1,619 | €402 | ▼ 75.2% |
| Recurring financial charges65 | €917 | €613 | €585 | €1,619 | €402 | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | €10,331 | -€4,854 | €4,592 | €3,482 | -€3,138 | ▼ 190% |
| Income taxes67/77 | €3,607 | - | €913 | €1,389 | €86 | ▼ 93.8% |
| Profit (loss) for the period9904 | €6,724 | -€4,854 | €3,679 | €2,092 | -€3,224 | ▼ 254% |
| Profit (loss) for the period to be appropriated9905 | €6,724 | -€4,854 | €3,679 | €2,092 | -€3,224 | ▼ 254% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,059 | €53,263 | €47,359 | €45,263 | €38,896 | ▼ 14.1% |
| Fixed assets21/28 | €17,011 | €12,179 | €7,347 | €2,515 | - | - |
| Tangible fixed assets22/27 | €17,011 | €12,179 | €7,347 | €2,515 | - | - |
| Furniture and vehicles24 | €17,011 | €12,179 | €7,347 | €2,515 | - | - |
| Current assets29/58 | €41,049 | €41,085 | €40,012 | €42,748 | €38,896 | ▼ 9.0% |
| Amounts receivable within one year40/41 | €13,842 | €16,123 | €14,823 | €14,029 | €13,367 | ▼ 4.7% |
| Trade receivables40 | €13,842 | €16,123 | €14,774 | €14,029 | €13,367 | ▼ 4.7% |
| Other amounts receivable41 | - | - | €50 | - | - | - |
| Cash at bank and in hand54/58 | €25,071 | €24,961 | €24,637 | €28,719 | €25,528 | ▼ 11.1% |
| Deferred charges and accrued income490/1 | €2,136 | - | €552 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,059 | €53,263 | €47,359 | €45,263 | €38,896 | ▼ 14.1% |
| Equity10/15 | €34,113 | €29,259 | €32,938 | €35,031 | €31,807 | ▼ 9.2% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Outside capital11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Other1109/19 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €9,113 | €9,113 | €9,113 | €10,031 | €10,031 | = |
| Non-distributable reserves130/1 | €589 | €589 | €589 | - | - | - |
| Reserves not available under the articles1311 | €589 | €589 | €589 | - | - | - |
| Distributable reserves133 | €8,525 | €8,525 | €8,525 | €10,031 | €10,031 | = |
| Profit (loss) carried forward14 | - | -€4,854 | -€1,175 | - | -€3,224 | - |
| Amounts payable17/49 | €23,946 | €24,004 | €14,421 | €10,233 | €7,089 | ▼ 30.7% |
| Amounts payable after more than one year17 | €11,512 | €7,111 | €2,641 | - | - | - |
| Financial debts170/4 | €11,512 | €7,111 | €2,641 | - | - | - |
| Amounts payable within one year42/48 | €12,435 | €16,893 | €10,998 | €9,278 | €6,276 | ▼ 32.4% |
| Current portion of amounts payable after more than one year42 | €4,331 | €4,401 | €4,471 | €2,641 | - | - |
| Trade debts44 | €945 | €5,125 | €1,174 | €746 | €885 | ▲ 18.6% |
| Suppliers440/4 | €945 | €5,125 | €1,174 | €746 | €885 | ▲ 18.6% |
| Taxes, remuneration and social security45 | €6,381 | €7,110 | €5,283 | €5,405 | €4,266 | ▼ 21.1% |
| Taxes450/3 | €6,198 | €6,012 | €4,708 | €5,405 | €4,266 | ▼ 21.1% |
| Remuneration and social security454/9 | €183 | €1,098 | €575 | - | - | - |
| Other amounts payable47/48 | €777 | €257 | €70 | €486 | €1,126 | ▲ 132% |
| Accrued charges and deferred income492/3 | - | - | €782 | €955 | €813 | ▼ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,724 | -€4,854 | €3,679 | €2,092 | -€3,224 | ▼ 254% |
| + Depreciation and write-downs630 | €4,832 | €4,832 | €4,832 | €4,832 | €2,515 | ▼ 47.9% |
| Operating cash flow (approximation) | €11,556 | -€22 | €8,511 | €6,924 | -€709 | ▼ 110% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | -€110 | -€324 | €4,082 | -€3,190 | ▼ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Back to profitnet €3,679
Net result €3,679 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€4,854
Net result drops to -€4,854, the lowest in the series; recovery starts the following year.
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 37 days late
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
31-12
Financial
Highest result since 2018net €15,108 ▲215%
Operating result €16,982, net result €15,108, both a record.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Back to profitnet €4,794
Net result €4,794 after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2008
Ground area
347 m²
Building footprint
105 m²
Volume, LiDAR
723 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Standaard Boekhandel
since 20082.172.445.751
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0069/00Y006 | Flanders | 340 m² | 1 · 105 m² | 11.0 m · 2 fl. |
| 31027D0184/00D003 | Flanders | 7 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AL IMEN
BE 0423.178.336
Brussel · Eq €31,466
Studio Tosti
BE 1005.719.160
Mechelen · Eq €31,178
TIMAS EUROPE
BE 0788.662.359
Bilzen-Hoeselt · Eq €32,682
Inventionis
BE 0752.664.174
Willebroek · Eq €30,799
Au Chest'Book
BE 0808.613.081
Neufchâteau · Eq €30,645
Of 601 companies in this sector we hold annual accounts for 242. 194 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded22-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47610Retail trade
46190Agents in non-specialised wholesale trade
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899573842
Also
9925:BE0899573842
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.